IOST Listed As Collateral on Constant — Fastest Growing P2P Lending Platform in SEA
IOST Foundation is pleased to announce our latest partnership with Constant Co- the fastest-growing peer to peer lending platform in Southeast Asia.
In this partnership, IOST is officially listed as collateral on Constant and IOST holders can begin leveraging their assets for competitive P2P loans of 66% loan-to-value ratio and 9% ARP in interest rate. To celebrate this launch, IOST users shall enjoy a special discount on the interest rate for a limited time.
Constant will provide technical support for IOST users on its platform and keep IOST Foundation informed of the monthly IOST activity reports. Together, both companies will mutually promote the use cases of IOST and Constant.
Experience Secured P2P Lending Powered by Smart Contracts Technology
“Trust on the internet is one of the biggest issues currently facing the blockchain and the DeFi industry,” said Duy Huynh, founder of Constant. “Even in many so-called “trustless systems”, users find they still have to put their trust in something, whether that’s the platform or other users who might find ways to abuse the system.”
On Constant, all investor funds are fully backed by collateral while borrower collateral is stored safely in escrow, which means no one can touch it until it is transferred back to them after repayment.
IOST smart contract technology which is powered by our unique, next-generation Proof of Believability consensus enables a secure, fast and automated loan agreement that always runs exactly as programmed — ensuring both investors and borrowers are protected. This adds another use case for IOST and further showcases IOST’s commitment in the area of Decentralized Finance.
About Constant
Headquartered in California, Constant is an alternative financial services platform designed to strip out the inefficiencies of the traditional banking industry and help people get more out of their money. Constant was founded by a team of scientists, economists, engineers, and designers, fully devoted to the mission of building simple, elegant financial tools for an increasingly interconnected world. They are backed by PrimeTrust and the FDIC and work closely with custody services like Bitgo to insure collateral.
Constant (myconstant.com) is the fastest-growing p2p platform using cryptocurrency as collateral in Asia. Its matched volume has already reached 4,000,000 USD with a steady 300% monthly growth rate. Constant partners with more than 60 token projects in increasing their coin’s use case and earn benefit for both parties in terms of branding and profit.
Join the IOST Community!
Just two months after the launch of mainnet, IOST is now one of the Big 4 Public Chains for DApps alongside Ethereum, EOS, and Tron. IOST has already surpassed Ethereum in network transactions while maintaining high levels of decentralization.
IOST’s Partner Program is widely praised as the globally leading staking program by numerous blockchain research institutions with attractive returns, low risk and ease of use being some of the key program highlights. To learn more and participate in one of the world’s top staking program, please visit: https://www.iostabc.com/producers
If you would like to hang out with the IOST community on chat, social media or to discuss product development, we have something for everyone:
- International English Telegram Group: t.me/officialios
- IOST Official Twitter: https://twitter.com/IOStoken
- Jimmy Zhong Twitter: https://twitter.com/jimmyzhong_iost
- Slack Developer Community: https://invite.iost.io
- Reddit: https://www.reddit.com/r/IOStoken
- Facebook Page: https://www.facebook.com/IOSTofficial/
- Facebook Group: http://bit.ly/IOST-FB-Group
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